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Global Digital Fault Recorder Market Share, Size, Trends, Analysis, Forecast: By Type: Dedicated, Multifunctional; By Installation: Transmission, Generation, Distribution; By Station: Automated, Non-Automated; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Digital Fault Recorder Market Outlook
The global digital fault recorder market size reached a value of approximately USD 1.13 billion in 2023. The market is expected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of around USD 1.98 billion by 2032.
Key Trends in the Market
A digital fault recorder (DFR) is an intelligent electronic device (IED) that is used to monitor, analyse, and record disturbances in electric power systems and other events that were noticed by protection relays of a substation. Digital fault recorders can be used at transformer sub-stations and power plants for assessing low, medium, and high-voltage networks. DFRs are designed to record and keep track of any disruption that might happen to the electrical networks, creating a long-term record.
- The digital fault recorder market is expanding largely as a result of the increasing need for digital electric power plants and substations in both developed and developing nations. With growing power networks, digital fault recorders are an effective way to supporting seamless power transmission while requiring fewer human personnel.
- Environmental laws being established by environmental protection organisations all over the world, along with investments in energy projects, are the key digital fault recorder market trends expected to open up more opportunities for market participants in digital fault recorders. Capable digital fault recorders aid in preventing breakdowns that could otherwise damage the environment, due to which DFRs are being preferred for environmental reasons.
- Opportunities are being created for both established and new emerging competitors to enter the market with cutting-edge technologies as a result of the increased need for accurate and dependable equipment to detect faults in the power sector. Remote monitoring, control, and coordination of various transmission and distribution elements located in multiple substations are made easier with the use of automated DFRs.
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Global Digital Fault Recorder Market Analysis
Based on type, the market is bifurcated into dedicated and multifunctional. On the basis of installation, the market is segmented into transmission, generation, and distribution. On the basis of station, the market is categorised into automated and non-automated. The regional markets for digital fault recorders are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global digital fault recorder market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- GE Grid Solutions
- Siemens
- AMETEK Power Instruments.
- Qualitrol Company LLC
- ERLPhase Power Technologies Ltd.
- DUCATI Energia Spa
- Elspec Ltd.
- Kinkei System Corporation
- Mehta Tech, Inc.
- Others
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Market Share by Installation
As per the digital fault recorder market forecast, by installation, transmissions are expected to grow at a rapid pace in the coming years, driven by increased investments in power transmission infrastructure worldwide. The transmitters are used to transmit power from the system's source to its substations. Implementing digital fault recorders in the transmission systems can reduce downtime, improve reliability, and help prevent differences in power transmission and end use demand. Digital fault recorders frequently check the current voltage and frequency and record incidents relating to power quality, aiding in finding issues and suggesting fixes. Early warnings of potentially harmful situations are provided by transmission-level DFRs, aiding in the preservation of equipment, which is bolstering the digital fault recorder market value.
Market Share by Region
Throughout the forecast period, the Asia Pacific is anticipated to be a leading region in the global digital fault recorder market. This is attributed to an increase in spending by governments in the region to upgrade the infrastructure of the power grid in an effort to boost the dependability of electricity systems. Due to the rising demand for power, major countries of the Asia Pacific region, including China, India, and Japan, are making significant investments in the transmission and distribution of electricity. India is one of the key markets for digital fault recorders in the Asia Pacific region because of the country's growing need for power grid infrastructure. The demand for power grid infrastructure and renewable energy sources is also boosting the Asia Pacific digital fault recorder market growth.
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Competitive Landscape
GE Grid Solutions, founded in 1892 with headquarters in Île -de-France, France, offers equipment, systems, and services to help power utilities and industries around the world deliver electricity reliably and effectively from the point of generation to final customers. GE Grid Solutions focuses on overcoming challenges of energy transition by enabling the secure integration of distributed and renewable energy sources into the system.
AMETEK Power Instruments, established in 200 and based out of New York in the United States, is a pioneer in cutting-edge electronic instrumentation for the process and electric utility industries, specialised in tools for measuring and monitoring power generation, transmission, and end-user assets. The company’s product line includes power quality monitors, power transducers, transient fault and disturbance recorders, substation communication equipment, electricity revenue meters, and sequence of events recorders.
Qualitrol Company LLC, headquartered in New York, United States and founded in 1945, specialises in measurement equipment. The company sells equipment for measuring electricity and electrical signals, and are considered a reliable global leader for asset protection tools, information products, and partial discharge monitoring in the power production, transmission, and distribution sectors.
Other market players include Siemens, ERLPhase Power Technologies Ltd., DUCATI Energia Spa, Elspec Ltd., Kinkei System Corporation, and Mehta Tech, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Installation |
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| Breakup by Station |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Digital Fault Recorder Market Analysis
8.1 Key Industry Highlights
8.2 Global Digital Fault Recorder Historical Market (2018-2023)
8.3 Global Digital Fault Recorder Market Forecast (2024-2032)
8.4 Global Digital Fault Recorder Market by Type
8.4.1 Dedicated
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Multifunctional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Digital Fault Recorder Market by Installation
8.5.1 Transmission
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Generation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Distribution
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Digital Fault Recorder Market by Station
8.6.1 Automated
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Non-Automated
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Digital Fault Recorder Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Digital Fault Recorder Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Digital Fault Recorder Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Digital Fault Recorder Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Australia
11.6.1 Market Share
11.6.2 Historical Trend (2018-2023)
11.6.3 Forecast Trend (2024-2032)
11.7 Others
12 Latin America Digital Fault Recorder Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Digital Fault Recorder Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GE Grid Solutions
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Siemens
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AMETEK Power Instruments.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Qualitrol Company LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ERLPhase Power Technologies Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DUCATI Energia Spa
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Elspec Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Kinkei System Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Mehta Tech, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Digital Fault Recorder Market: Key Industry Highlights, 2018 and 2032
2. Global Digital Fault Recorder Historical Market: Breakup by Voltage (USD Million), 2018-2023
3. Global Digital Fault Recorder Market Forecast: Breakup by Voltage (USD Million), 2024-2032
4. Global Digital Fault Recorder Historical Market: Breakup by Installation (USD Million), 2018-2023
5. Global Digital Fault Recorder Market Forecast: Breakup by Installation (USD Million), 2024-2032
6. Global Digital Fault Recorder Historical Market: Breakup by Station (USD Million), 2018-2023
7. Global Digital Fault Recorder Market Forecast: Breakup by Station (USD Million), 2024-2032
8. Global Digital Fault Recorder Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Digital Fault Recorder Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Digital Fault Recorder Market Structure
Key Questions Answered in the Report
In 2023, the global market for digital fault recorder attained a value of approximately USD 1.13 billion.
The market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, to reach USD 1.98 billion by 2032.
The major drivers of the market include rising need for digital substations and electric power stations, increasing demand for accurate and reliable devices to detect faults in power systems, and expanding grid networks in developing countries.
Increase in demand for renewable energy, various environmental legislations, advancements in technology for digital fault recorders, and increasing investments in energy projects are the key trends in the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of digital fault recorders in the market are dedicated and multifunctional.
The various installations of digital fault recorders in the market are transmission, generation, and distribution.
The primary stations of digital fault recorders in the market are automated and non-automated.
The major players in the digital fault recorder market, according to the report, are GE Grid Solutions, Siemens, AMETEK Power Instruments., Qualitrol Company LLC, ERLPhase Power Technologies Ltd., DUCATI Energia Spa, Elspec Ltd., Kinkei System Corporation, and Mehta Tech, Inc., among others.
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